Procore Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results

Benzinga Earnings11-05 19:24

Procore Technologies, Inc. (NYSE:PCOR) reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates, after the closing bell on Tuesday.

Procore Technologies reported quarterly earnings of 51 cents per share which beat the analyst consensus estimate of 45 cents per share. The company reported quarterly sales of $402.313 million which beat the analyst consensus estimate of $383.933 million.

Procore Technologies raised its FY2026 sales guidance from $1.489 billion-$1.494 billion to $1.557 billion-$1.559 billion.

“Q3 was another outstanding quarter, with revenue and margins above the high end of our guidance,” said Ajei Gopal, President and CEO of Procore. “We delivered new capabilities across our flagship products and made Procore AI’s digital coworkers generally available. We are well on our way to becoming a next-generation, AI-native construction management platform and a true system of intelligence for construction.”

Procore Technologies shares gained 0.5% to $76.00 in pre-market trading

These analysts made changes to their price targets on Procore Technologies following earnings announcement.

Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $68 to $90.
BTIG analyst Nick Altmann maintained the stock with a Buy and raised the price target from $66 to $90.

Considering buying PCOR stock? Here’s what analysts think:

Photo via Shutterstock

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The company reported quarterly sales of $402.313 million which beat the analyst consensus estimate of $383.933 million.</p>\n<p>Procore Technologies raised its FY2026 sales guidance from $1.489 billion-$1.494 billion to $1.557 billion-$1.559 billion.</p>\n<p>“Q3 was another outstanding quarter, with revenue and margins above the high end of our guidance,” said Ajei Gopal, President and CEO of Procore. “We delivered new capabilities across our flagship products and made Procore AI’s digital coworkers generally available. 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Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"303\" loading=\"lazy\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05062303/image-107-1024x303.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05062303/image-107-1024x303.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05062303/image-107-300x89.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05062303/image-107-768x227.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/11/05062303/image-107.png 1157w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0757428866.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/initiation/26/11/62908653/procore-analysts-boost-their-forecasts-after-better-than-expected-q3-results","article_id":"2681602602","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2681602602","pubTimestamp":1793877862,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Procore beat Q3 earnings and revenue estimates, raised FY26 sales guidance to $1.557B-$1.559B; analysts lifted price targets to $90.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","BK4023":"应用软件","BK4535":"淡马锡持仓","PCOR":"Procore Technologies","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","BK4539":"次新股"},"translate_title":"Procore 分析师在第三季度业绩好于预期后上调了预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PCOR":1},"content_text":"Procore Technologies, Inc. (NYSE:PCOR) reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates, after the closing bell on Tuesday.\nProcore Technologies reported quarterly earnings of 51 cents per share which beat the analyst consensus estimate of 45 cents per share. The company reported quarterly sales of $402.313 million which beat the analyst consensus estimate of $383.933 million.\nProcore Technologies raised its FY2026 sales guidance from $1.489 billion-$1.494 billion to $1.557 billion-$1.559 billion.\n“Q3 was another outstanding quarter, with revenue and margins above the high end of our guidance,” said Ajei Gopal, President and CEO of Procore. “We delivered new capabilities across our flagship products and made Procore AI’s digital coworkers generally available. We are well on our way to becoming a next-generation, AI-native construction management platform and a true system of intelligence for construction.”\nProcore Technologies shares gained 0.5% to $76.00 in pre-market trading\nThese analysts made changes to their price targets on Procore Technologies following earnings announcement.\n\nPiper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $68 to $90.\nBTIG analyst Nick Altmann maintained the stock with a Buy and raised the price target from $66 to $90.\n\nConsidering buying PCOR stock? 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